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Crops

PotashCorp Profit Soars On Strong Demand

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PotashCorp, the world s top fertilizer maker, said Oct. 27 its quarterly profit more than doubled, as strong grain prices boosted demand for its crop nutrient products. Despite wides pread economic concerns during the quarter, the push to capitalize on strong crop prices continued to support demand for fertilizer around the globe, the company said.
News

Devastating Drought Expands In Texas

news reuters A devastating drought continues to have Texas in its grip, but some rain is falling on neighbouring states. Texas so far has suffered more than $5 billion in agricultural losses, and wildfires have scorched millions of acres as the state suffers its longest dry period on record. About 97 per cent of the
News

Brazil To Slash Fertilizer Imports

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Brazil will slash imports of nitrogen and phosphate in the next five years as local deposits are mined, but the farming giant will still depend on foreign miners for potassium, industry officials said on July 12. A forecast produced by the National Association of Fertilizer Distributors (ANDA), estimated Brazil’s consumption of these inputs would reach
Cereals, News, Oilseeds

In Brief… – for Mar. 3, 2011

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New president:William Hill has been appointed president of the Flax Council of Canada, replacing Barry Hall, who is retiring. Hill has 30 years experience in the Canadian grain and agricultural futures industry, including 13 years at the senior management level. Most recently he was president and COO of ICE Futures Canada (previously Winnipeg Commodity Exchange).
Crops

PotashCorp To Restart Anhydrous Plant

Citing much-improved margins, fertilizer giant PotashCorp said Feb. 1 it will launch an 18-month, US$158 million startup process for its idled anhydrous- processing operations in southern Louisiana. The Saskatoon firm in 2003 suspended ammonia processing at Geismar, south of Baton Rouge, citing prohibitively high prices for the natural gas used to make anhydrous. It kept
Cereals, Crops

CWB Must Be A Strong Advocate For Farmers

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For over 30 years, I have produced wheat and canola near Benito, Man. This has made me a strong supporter of the single-desk marketing and farmer control of the Canadian Wheat Board. These are the reasons I am asking for your support in the Canadian Wheat Board directors’ elections. It matters who we elect and
News

Potash Important To Canada’s Future, Ritz Says

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Canada must protect its future as a supplier of food but also of the fertilizers used to produce them, says Agriculture Minister Gerry Ritz. “When we look at a strategic resource like potash – which is the basis for fertilizers and so on around the world – we do a tremendous job of supplying both
Cereals, Opinion

Commodities Lend Themselves To Single-Desk Selling

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You have to admire politicians who set aside long-held beliefs when they are confronted with the reality of how the world works. Reality sets in once they arrive in government and are responsible to more than just their supporters. Good examples are former Alberta Conservative premier Peter Lougheed and Saskatchewan’s Premier Brad Wall. Both were
News

Canadian Provinces Push Ottawa To Block Potash Bid

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PotashCorp’s home province was ratcheting up pressure on the Canadian government to block BHP Billiton’s hostile approach as the Nov. 3 deadline for a decision drew near. Saskatchewan, where fertilizer producer PotashCorp is based, wanted Ottawa to reject the Anglo-American mining giant’s $39-billion offer, the largest takeover bid of 2010. It says a deal would
Cereals, Crops

Higher Corn Prices Lead To Fertilizer Price Spike

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U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices. Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per

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